No Auto Crash for Israel's Mobileye

Mobileye, a developer of crash-detection technology, is doing just fine despite the dark cloud over the automotive industry

Global car sales have plummeted in the past year and there appears little hope for improvement any time soon. General Motors (GM) and Ford (F) are teetering on the verge of bankruptcy and other industry giants such as Toyota (TM) and Volkswagen (VOWG.DE) face worsening prospects. The state of the global automotive industry is hardly appealing. But Israeli startup Mobileye Vision Technology, a developer of crash-detection technology, isn't the least bit fazed.

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